Beech Hill Advisors Lowers stake in General Motors Company (GM)

General Motors Company (GM) : Beech Hill Advisors reduced its stake in General Motors Company by 7.93% during the most recent quarter end. The investment management company now holds a total of 77,825 shares of General Motors Company which is valued at $2,450,709 after selling 6,700 shares in General Motors Company , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.General Motors Company makes up approximately 1.60% of Beech Hill Advisors’s portfolio.

Other Hedge Funds, Including , Hengehold Capital Management added GM to its portfolio by purchasing 53,729 company shares during the most recent quarter which is valued at $1,691,926. General Motors Company makes up approx 0.54% of Hengehold Capital Management’s portfolio.Pecaut reduced its stake in GM by selling 46,500 shares or 86.75% in the most recent quarter. The Hedge Fund company now holds 7,100 shares of GM which is valued at $217,473. General Motors Company makes up approx 0.22% of Pecaut’s portfolio.Foundry Partners reduced its stake in GM by selling 53,269 shares or 11.71% in the most recent quarter. The Hedge Fund company now holds 401,800 shares of GM which is valued at $12,307,134. General Motors Company makes up approx 1.15% of Foundry Partners’s portfolio.Neville Rodie Shaw Inc reduced its stake in GM by selling 1,943 shares or 13.13% in the most recent quarter. The Hedge Fund company now holds 12,852 shares of GM which is valued at $393,657. General Motors Company makes up approx 0.05% of Neville Rodie Shaw Inc’s portfolio.Breton Hill Capital Ltd. boosted its stake in GM in the latest quarter, The investment management firm added 32,383 additional shares and now holds a total of 308,164 shares of General Motors Company which is valued at $9,439,063. General Motors Company makes up approx 2.94% of Breton Hill Capital Ltd.’s portfolio.

General Motors Company opened for trading at $31.42 and hit $31.58 on the upside on Wednesday, eventually ending the session at $31.49, with a gain of 0.77% or 0.24 points. The heightened volatility saw the trading volume jump to 2,09,23,034 shares. Company has a market cap of $48,489 M.

On the company’s financial health, General Motors Company reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.00. The company had revenue of $37300.00 million for the quarter, compared to analysts expectations of $34546.85 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on General Motors Company. Piper Jaffray Initiated General Motors Company on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $41.Company shares were Upgraded by Morgan Stanley on May 6, 2016 to ” Equal-Weight”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $30 .

General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.

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